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Avient Corporation AVNT FEBRUARY 12 , 2026 Fourth quarter and full year 2025 results 2026 financial guidance
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Copyright © . Avient Corporation. All Rights Reserved 2026 2 Disclaimer Forward-looking statements Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management’s expectations that involve business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historic or current facts. They use words such as "will," “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales. items, include statements relating to future actions; prospective changes in raw material costs, product pricing or product demand; future performance; estimated capital expenditures; results of current and anticipated market conditions and market strategies; sales efforts; expenses; the outcome of contingencies such as legal proceedings and environmental liabilities; and financial results. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • disruptions, uncertainty or volatility in the global credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; • the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; • disruptions or inefficiencies in our supply chain, logistics, or operations; • changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; • changes to foreign policy, including new or increased tariffs and changing import / export regulations; • fluctuations in raw material prices, quality and supply, and in energy prices and supply; • demand for our products and services; • production outages or material costs associated with scheduled or unscheduled maintenance programs; • unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; • our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; • information systems failures, cybersecurity breaches and cyberattacks; • our ability to service our indebtedness and restrictions on our current and future operations due to our indebtedness; • amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; • other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts, any recessionary conditions; and • other factors described in our Annual Report on Form 10-K under Item 1A, “Risk Factors.” Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. Use of non-GAAP measures This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures include: Organic Performance (which excludes the impact of foreign exchange), Adjusted Earnings Per Share, Adjusted EBITDA, Adjusted EBITDA margins, Adjusted ROIC, and Free Cash Flow. Avient’s chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of Avient and each business segment and to allocate resources. A reconciliation of each historical non-GAAP financial measure with the most directly comparable GAAP financial measure is attached to this presentation which is posted on our website at www.avient.com. Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA and Adjusted Earnings Per Share, to the most comparable GAAP financial measures on a forward- looking basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items, and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, restructuring costs, environmental remediation costs, acquisition-related costs, and other non-routine costs. Each of such adjustments has not yet occurred, are out of Avient’s control and/or cannot be reasonably predicted. For the same reasons, Avient is unable to address the probable significance of the unavailable information.
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Copyright © . Avient Corporation. All Rights Reserved 2026 3 Q4 and full year 2025 performance Q4 2025 results Q4 2025 vs. Q4 2024 ORGANIC (excludes impact of foreign exchange) FX AS REPORTED Sales $761M -0.8% 2.7% 1.9% Adj. EBITDA $118M 4.3% 3.1% 7.4% Margin % 15.5% +80 bps +80 bps Adj. EPS $0.56 9.8% 4.5% 14.3% FY 2025 results FULL YEAR 2025 vs. FULL YEAR 2024 ORGANIC (excludes impact of foreign exchange) FX AS REPORTED $3,260M -0.3% 0.9% 0.6% $545M 2.9% 0.6% 3.5% 16.7% +50 bps +50 bps $2.82 5.2% 0.8% 6.0% • Expanded adj. EBITDA margins by 80 bps driven by focus on profitable mix and company-wide productivity initiatives • Defense, healthcare and telecom sales grew double digits in the quarter more than offset by subdued demand globally from weak consumer sentiment & volatile trade policy • Adj. EPS growth of 14.3% led by growth in SEM segment and total company adjusted EBITDA margin expansion • Adj. EBITDA margin expansion of 50 bps driven by favorable mix and company-wide productivity • Adj. EPS growth of 6.0% year-over-year • Strengthened balance sheet – paid down $150M in debt net leverage 2.6x as of December 31, 2025
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Copyright © . Avient Corporation. All Rights Reserved 2026 4 Non-PFAS materials solutions Innovation and investments in growth vectors GlideTech • Expanding portfolio of healthcare solutions with new non-PFAS and non-silicone lubricious technology – for use in catheter applications • Compatible with all common sterilization methods and processable using conventional extrusion equipment Dyneema process innovation Dyneema Cesa polymer processing aids • Non-PFAS, polymer processing aids for polyolefin films used in personal care product packaging • Developed and commercialized a broad portfolio in 2025 and qualifying several others with customers currently
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Copyright © . Avient Corporation. All Rights Reserved 2026 5 Our journey so far, guided by the new strategy... $2.36 $2.66 $2.82 2023 2024 2025 Adj. EPS 16.0% 16.2% 16.7% 2023 2024 2025 Adj. EBITDA margin 7.7% 8.3% 8.6% 2023 2024 2025 Adj. ROIC % 3.1x 3.0x 2.6x 2023 2024 2025 Net leverage Adj. ROIC % = Tax-affected Adj. EBITA (5-quarter average of invested capital - Cash) Net leverage = (Total debt – Cash) Adj. EBITDA
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Copyright © . Avient Corporation. All Rights Reserved 2026 6 2026: cautiously optimistic but prepared for worse • Expect macro environment to remain volatile persisting impact from trade policies, geopolitics, and moving supply chains • Anticipate market demand to improve from 2025 levels especially for our CAI business following several government initiatives around tax relief, housing affordability, US manufacturing expansion and potential fed rate decrease • Secular macro trends should help our SEM business continue its growth trajectory we organically grew SEM in 2025 by 2%
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Q4 2025 segment region results
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Copyright © . Avient Corporation. All Rights Reserved 2026 8 Color, Additives & Inks – Q4 2025 performance Sales Adj. EBITDA 82 81 Q4 2024 Q4 2025 • Improving packaging demand as well as growth in healthcare was more than offset by organic sales decline in consumer, industrial and building & construction • Cost reduction actions and productivity initiatives mostly offset the impacts of wage inflation and lower demand Adj. EBITDA margin 17.4% Adj. EBITDA margin 17.5% 468 466 Q4 2024 Q4 2025 Sales (0%) (3%) (1%) (3%)
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Copyright © . Avient Corporation. All Rights Reserved 2026 9 Specialty Engineered Materials – Q4 2025 performance Adj. EBITDA • Organic sales growth driven by defense, healthcare and telecommunications • Adj. EBITDA margin expansion of 80 bps driven by favorable mix and productivity initiatives more than offsetting investments in growth vectors 56 61 Q4 2024 Q4 2025 Adj. EBITDA margin 19.9% Adj. EBITDA margin 20.7% 280 296 Q4 2024 Q4 2025 Sales +6% +3% +10% +8%
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Copyright © . Avient Corporation. All Rights Reserved 2026 10 Q4 2025 organic revenue growth - by region -1% -2% +3% -5% Year-over-year revenue growth, excludes the impact of foreign exchange US & Canada Europe, Middle East & Africa Asia Latin America
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FY 2025 segment results
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Copyright © . Avient Corporation. All Rights Reserved 2026 12 Color, Additives & Inks – FY 2025 performance Sales Adj. EBITDA 384 391 FY 2024 FY 2025 • Organic sales decline primarily driven by weakness in consumer, industrial and building & construction partially offset by growth in healthcare • Adj. EBITDA margin expansion of 50 bps driven by favorable mix, cost reduction actions and productivity initiatives Adj. EBITDA margin 19.2%Adj. EBITDA margin 18.7% 2,047 2,034 FY 2024 FY 2025 Sales (1%) (2%) +2% +1%
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Copyright © . Avient Corporation. All Rights Reserved 2026 13 Specialty Engineered Materials – FY 2025 performance Adj. EBITDA • Organic sales growth driven by capitalizing on secular trends in our high growth end markets, particularly in healthcare, defense and telecommunications • Adj. EBITDA margin declined by 40 bps as planned Q2 maintenance in APM business and continued investment in growth vectors were partially offset by productivity initiatives and favorable mix 249 252 FY 2024 FY 2025 Adj. EBITDA margin 20.8% Adj. EBITDA margin 20.4% 1,197 1,231 FY 2024 FY 2025 Sales +3% +2% +1% Flat
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2026 guidance
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Copyright © . Avient Corporation. All Rights Reserved 2026 15 ADJ. EBITDA - full year 2026 $555 to 585M +2% to +7% growth ADJ. EPS - full year 2026 $2.93 to $3.17 +4% to +12% growth Q1 2026 $0.81 adj. EPS guidance 2026 financial guidance MACRO ASSUMPTIONS INFLUENCING RANGE Improvement in consumer spending due to government policies Easing interest rates due to normalizing inflation Continued acceleration of NATO spending on defense FX volatility Policy uncertainty and changes Persistent inflation impacting consumer spending resulting in a continued low growth environment
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17Copyright © . Avient Corporation. All Rights Reserved 2026 Avient 2025 sales BUSINESS SEGMENTS END MARKETS REGIONS 62% 38% SEM C AI 23% 18% 14% 11% 10% 9% 8% 4% 3% Packaging TelecomEnergy Defense Healthcare Building & construction Transportation Industrial Consumer 40% 36% 18% 6% US & Canada Latin America Asia Europe, Middle East and Africa
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18Copyright © . Avient Corporation. All Rights Reserved 2026 Color, Additives & Inks END MARKETS REGIONS 35% 20% 15% 11% 9% 8% Packaging Telecom 1%Energy 1% Transportation Industrial Consumer 33% 37% 20% 10% US & Canada Latin America Asia Europe, Middle East and Africa Healthcare Building & Construction
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19Copyright © . Avient Corporation. All Rights Reserved 2026 Specialty Engineered Materials END MARKETS REGIONS 22% 15% 11%14% 9% 9% 8% 7% 5% Defense Packaging Telecom Building & construction Transportation Industrial Consumer 52% 34% 14% US & Canada Asia Europe, Middle East and Africa Energy Healthcare
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Copyright © . Avient Corporation. All Rights Reserved 2026 20 Avient 2025 regional sales, by end market US & CANADA 40% of sales EMEA 36% of sales ASIA 18% of sales LATIN AMERICA 6% of sales 13% 19% 13% 9% 13% 12% 10% 6% 5% Packaging TelecomEnergyDefenseHealthcareBuilding & construction TransportationIndustrialConsumer 25% 13% 15%13% 10% 5% 12% 5% 2% 33% 24% 12% 10% 5% 11% 1%1% 3% 61%20% 7% 6% 5% 1%
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Copyright © . Avient Corporation. All Rights Reserved 2026 21 NON -HYDROCARBON MATERIALS HYDROCARBON -BASED ~35% of the raw material basket including part of “Other raw materials” are hydrocarbon-based Raw material basket 16% 14% 9% 2% 37% 8% 5% 4% 5% Performance additives Pigments TiO2 Dyestuffs Styrenic block copolymers Polypropylene Nylon Polyethylene Other raw materials
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Copyright © . Avient Corporation. All Rights Reserved 2026 22 Reconciliation to condensed consolidated statements of income Three months ended Dec 31, 2025 2024 $ Millions EPS (in $) $ Millions EPS (in $) Net income attributable to Avient common shareholders 16.9 0.18 48.3 0.52 Special items, after-tax 19.3 0.21 (18.0) (0.20) Amortization expense, after-tax 15.1 0.17 14.8 0.17 Adjusted net income / EPS 51.3 0.56 45.1 0.49 Per share amounts may not recalculate from figures presented herein due to rounding Reconciliation of Non-GAAP financial measures Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results. Further, as a result of Avient's strategic shift to an innovator of materials solutions, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization. Management excludes intangible asset amortization from adjusted EPS as it believes excluding acquired intangible asset amortization is a useful measure of current period earnings per share. Senior management believes these measures are useful to investors because they allow for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude. The presentation of these non- GAAP measures is not intended to be considered in isolation from, as a substitute for, or as superior to, the financial information prepared and presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. Below is a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. 11 Reconciliation to EBITDA and Adjusted EBITDA Three months ended Dec 31, Year ended Dec 31, 2025 2024 2025 2024 $ Millions $ Millions $ Millions $ Millions Net income – GAAP 17.2 48.5 83.6 170.7 Income tax expense 7.3 14.8 28.1 54.1 Interest expense, net 22.8 25.5 98.6 105.6 Depreciation & amortization 47.1 45.4 185.9 179.7 EBITDA 94.4 134.2 396.2 510.1 Special items, before tax 24.3 (23.9) 152.2 20.1 Interest expense included in special items — — (2.0) (2.3) Depreciation & amortization included in special items (0.6) (0.3) (1.8) (1.5) Adjusted EBITDA 118.1 110.0 544.6 526.4 Adjusted EBITDA as a percent of sales 15.5% 14.7% 16.7% 16.2% PAGE 1 OF 4 Reconciliation to condensed consolidated statements of income Year ended Dec 31, 2025 2024 $ Millions EPS (in $) $ Millions EPS (in $) Net income attributable to Avient common shareholders 81.9 0.89 169.5 1.84 Special items, after-tax 116.4 1.27 15.9 0.17 Amortization expense, after-tax 60.7 0.66 59.5 0.65 Adjusted net income / EPS 259.0 2.82 244.9 2.66 Per share amounts may not recalculate from figures presented herein due to rounding 11 1 1
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Copyright © . Avient Corporation. All Rights Reserved 2026 23 Reconciliation of Non-GAAP financial measures PAGE 2 OF 4 Reconciliation to EBITDA and Adjusted EBITDA Three months ended Dec 31, Year ended Dec 31, 2025 2024 2025 2024 $ Millions $ Millions $ Millions $ Millions Sales Color, Additives and Inks 466.0 467.7 2,034.2 2,046.5 Specialty Engineered Materials 295.5 279.7 1,231.3 1,196.8 Corporate (0.9) (0.9) (5.3) (2.9) All Avient 760.6 764.5 3,260.2 3,240.4 Gross margin Color, Additives and Inks 152.3 152.6 682.2 681.1 Specialty Engineered Materials 94.2 84.2 376.8 374.9 Corporate (16.9) 22.7 (43.4) 0.7 All Avient 229.6 259.5 1,015.6 1,056.7 Selling and administrative expense Color, Additives and Inks 93.7 92.8 380.9 384.9 Specialty Engineered Materials 55.2 49.6 213.2 207.7 Corporate 41.1 31.5 218.0 134.8 All Avient 190.0 173.9 812.1 727.4 Operating income Color, Additives and Inks 58.6 59.8 301.3 296.2 Specialty Engineered Materials 39.0 34.6 163.6 167.2 Corporate (58.0) (8.8) (261.4) (134.1) All Avient 39.6 85.6 203.5 329.3 Depreciation and amortization Color, Additives and Inks 22.5 21.9 89.2 87.5 Specialty Engineered Materials 22.3 21.0 88.2 82.1 Corporate 2.3 2.5 8.5 10.1 All Avient 47.1 45.4 185.9 179.7 EBITDA Color, Additives and Inks 81.1 81.7 390.5 383.7 Specialty Engineered Materials 61.3 55.6 251.8 249.3 Corporate (55.7) (6.3) (252.9) (124.0) Other income, net 7.7 3.2 6.8 1.1 EBITDA, All Avient 94.4 134.2 396.2 510.1 Special items, before tax 24.3 (23.9) 152.2 20.1 Interest expense, incl. in special items - - (2.0) (2.3) D&A included in special items (0.6) (0.3) (1.8) (1.5) Adj. EBITDA, All Avient 118.1 110.0 544.6 526.4 Adj. EBITDA as % of sales Color, Additives and Inks 17.4% 17.5% 19.2% 18.7% Specialty Engineered Materials 20.7% 19.9% 20.4% 20.8%
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Copyright © . Avient Corporation. All Rights Reserved 2026 24 Reconciliation of Non-GAAP financial measures PAGE 3 OF 4 Reconciliation to condensed consolidated statements of income Year ended Dec 31, 2023 $ Millions EPS (in $) Net income from continuing operations attributable to Avient common shareholders 75.8 0.83 Special items, after-tax 79.3 0.86 Amortization expense, after-tax 61.5 0.67 Adjusted net income / EPS 216.6 2.36 Per share amounts may not recalculate from figures presented herein due to rounding Reconciliation to condensed consolidated statements of income Three months ended Mar 31, 2025 $ Millions EPS (in $) Net loss attributable to Avient common shareholders (20.2) (0.22) Special items, after-tax 75.7 0.82 Amortization expense, after-tax 14.5 0.16 Adjusted net income / EPS 70.0 0.76 Per share amounts may not recalculate from figures presented herein due to rounding Reconciliation to EBITDA and Adjusted EBITDA Year ended Dec 31, 2023 $ Millions Net income from continuing operations – GAAP 76.3 Income tax expense 11.0 Interest expense 115.3 Depreciation & amortization 188.8 EBITDA from continuing operations 391.4 Special items, before tax 114.6 Interest expense included in special items (2.3) Depreciation & amortization included in special items (1.9) Adjusted EBITDA 501.8 Adjusted EBITDA as a percent of sales 16.0% Adjusted Free Cash Flow Calculation Year ended Dec 31, 2025 2024 $ Millions $ Millions Cash provided by operating activities 301.6 256.8 One-time payout associated with deferred compensation plans — 20.8 Adjusted Cash provided by operating activities 301.6 277.6 Capital expenditures (106.6) (121.9) Adjusted Free Cash Flow 195.0 155.7 1 1 1 1
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Copyright © . Avient Corporation. All Rights Reserved 2026 25 Reconciliation of Non-GAAP financial measures PAGE 4 OF 4 Adjusted Return on Invested Capital Calculation Year ended Dec 31, 2025 2024 2023 $ Millions $ Millions $ Millions EBITA Tax-affected adj. earnings before interest, taxes & amortization Adj. EBITDA 544.6 526.4 501.8 Depreciation (103.7) (100.4) (107.1) Adj. EBITA 440.9 426.0 394.7 Tax on EBITA (107.1) (101.4) (90.5) Tax-affected adj. EBITA 333.8 324.6 304.2 Invested capital Short-term and current portion of long-term debt 3.4 138.8 5.1 Long-term debt 2,035.7 1,966.1 2,168.9 Total debt 2,039.1 2,104.9 2,174.0 Cash and cash equivalents (510.5) (544.5) (545.8) Net debt 1,528.6 1,560.4 1,628.2 Total shareholders’ equity 2,358.5 2,344.0 2,341.8 Invested capital 3,887.1 3,904.4 3,970.0 Adj. return on invested capital 8.6% 8.3% 7.7% Invested capital is calculated using the average of total debt and equity balances over the trailing five quarters 1 1 1 1 1 Net leverage calculation Year ended Dec 31, 2025 2024 2023 $ Millions $ Millions $ Millions Adj. EBITDA 544.6 526.4 501.8 Net debt Short-term and current portion of long-term debt 0.5 7.7 9.5 Long-term debt 1,948.4 2,091.5 2,101.0 Total debt 1,948.9 2,099.2 2,110.5 Cash and cash equivalents (510.5) (544.5) (545.8) Net debt 1,438.4 1,554.7 1,564.7 Net leverage 2.6 3.0 3.1